Nilsine Partners LLC Takes $240,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Nilsine Partners LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,168 shares of the company's stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First PREMIER Bank acquired a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Financial Management Professionals Inc. grew its position in Palantir Technologies by 171.5% during the fourth quarter. Financial Management Professionals Inc. now owns 543 shares of the company's stock worth $41,000 after buying an additional 343 shares during the period. Trivant Custom Portfolio Group LLC grew its holdings in shares of Palantir Technologies by 313.3% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company's stock worth $47,000 after acquiring an additional 470 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies during the third quarter worth $25,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company's stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the transaction, the director now owns 100,923 shares in the company, valued at approximately $7,748,867.94. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 over the last ninety days. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $1.46 during trading on Thursday, hitting $81.22. The company had a trading volume of 45,864,850 shares, compared to its average volume of 68,158,016. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80. The business's 50-day moving average is $72.94 and its 200 day moving average is $50.10. The company has a market cap of $185.02 billion, a P/E ratio of 406.12, a PEG ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies's revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a "neutral" rating and a $70.00 target price for the company. Cantor Fitzgerald initiated coverage on Palantir Technologies in a report on Friday, January 17th. They issued a "neutral" rating and a $72.00 target price on the stock. Northland Securities boosted their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lowered Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target of $44.61.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.